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The Australian insurance industry provides a broad range of property and casualty, life, and health insurance coverage to individuals and businesses.
Six key dimensions to work through the implications of COVID-19
PwC has a deep team of insurance industry specialists serving insurers across a wide range of professional services. We are currently helping clients succeed during this period of evolution by advising on strategies around customer engagement and retention, big data and digital technology.
We are also active in helping clients with their implementation of risk and capital frameworks, optimising direct and indirect tax outcomes, enhancing systems and controls effectiveness and efficiency, and with providing independent assurance across financial and regulatory reporting including the Design and Distribution Obligations (DDO) and the Financial Accountability Regime (FAR).
Key to our team's ability to think broadly and differently to help clients is our depth of understanding of what is happening in the industry both locally and abroad. Some of this local understanding is reflected in PwC's Insurance Insights series; quarterly accounting, tax and regulatory updates; and PwC's widely recognised annual Insurance Facts & Figures publication.
Examples of our understanding of global trends and how these will impact on the local market are reflected in PwC's Insurance 2020 - The Future of Insurance; Insurance Banana Skins; and updates on IFRS for Insurance Contact updates.
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